Question 1

What do these words mean?

1- Community

Accepted Answer

A group of people living in the same place or having a particular characteristic in common.

Question 2

2- Competitor

Accepted Answer

An organization or country engaged in commercial or economic competition with others.

Question 3

Customer

Accepted Answer

Someone who buys goods or services from a business.

Question 4

4-Law

Accepted Answer

The system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties

Question 5

5- Loss

Accepted Answer

A situation in which a business spends more money than it earn.

Question 6

6- Price

Accepted Answer

The amount of money for which something is sold.

Question 7

7- Profit

Accepted Answer

Money that is earned in trade or business after paying the costs of producing and selling goods and services.

Question 8

8- Staff

Accepted Answer

The group of people who work for an organization

Question 9

9- Tax

Accepted Answer

(an amount of) money paid to the government that is based on your income or the cost of goods or services you have bought

Question 10

10- Wages

Accepted Answer

The money earned by an employee, esp. when paid for the hours worked.

Question 11

11- Retailer

Accepted Answer

A person, shop, or business that sells goods to the public

Question 12

12- Entrepreneur

Accepted Answer

Someone who starts their own business, especially when this involves seeing a new opportunity

Question 13

13- Supplier

Accepted Answer

A company, person, etc. that provides things that people want or need, especially over a long period of time.

Question 14

14- Manufacturer

Accepted Answer

A company that produces goods in large numbers.

Question 15

15- Wholesaler

Accepted Answer

Someone who buys and sells goods in large amounts to shops and businesses

Question 16

16- Partner

Accepted Answer

One of the owners of a company.

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